SCIE(SH:600546) Sou Hu Cai Jing·2025-04-14 12:21Core Viewpoint - The China Securities State-Owned Enterprises Dividend Index (000824) has shown a recent increase of 0.83%, closing at 2023.17 points with a trading volume of 38.13 billion yuan, despite a year-to-date decline of 5.83% [1][2]. Group 1: Index Performance - The China Securities State-Owned Enterprises Dividend Index has decreased by 1.38% over the past month, but has increased by 0.13% over the last three months [2]. - The index reflects the overall performance of 100 listed companies selected for their high cash dividend yields and stable dividends, with a base date of June 30, 2009, set at 1000.0 points [2]. Group 2: Index Composition - The top ten weighted stocks in the index include: COSCO Shipping Holdings (2.6%), Jizhong Energy (1.97%), Shanxi Coal International (1.4%), Chengdu Bank (1.36%), Shanxi Coking Coal (1.35%), Tangshan Port (1.32%), Shanghai Bank (1.31%), Lu'an Environmental Energy (1.3%), China Shenhua Energy (1.28%), and Hengyuan Coal Power (1.27%) [2]. - The index's holdings are primarily listed on the Shanghai Stock Exchange (82.98%) and the Shenzhen Stock Exchange (17.02%) [2]. Group 3: Sector Allocation - The sector allocation of the index holdings is as follows: Financials (28.01%), Industrials (26.15%), Energy (20.16%), Materials (9.19%), Communication Services (5.34%), Real Estate (3.75%), Utilities (3.34%), Consumer Discretionary (3.24%), and Consumer Staples (0.82%) [2]. Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - Criteria for sample retention include: actual control by state-owned entities, a cash dividend yield greater than 0.5% over the past year, and ranking within the top 90% for average market capitalization and trading volume [3]. - The adjustment ratio is generally limited to 20%, with special conditions allowing for temporary adjustments in case of delisting or significant corporate changes [3]. Group 5: Related Funds - Public funds tracking the State-Owned Enterprises Dividend Index include: Western Leading State-Owned Enterprises Dividend Index Enhanced C, Pengyang China Securities State-Owned Enterprises Dividend Linked A, and several others [4].